Which of the following statements is the most accurate description of limited liability?

	A.	In a company limited by shares, shareholder who holds a share in the company is not liable beyond any amount outstanding on partly paid shares.
	B.	In a company limited by shares, a company has limited liability for their debts.
	C.	A company is a separate legal entity from its directors, so directors are always shielded from the company's losses.
	D.	A and B above.
	E.	None of the above.